VietNamNet Bridge - Ninh Thuan provincial authorities have decided to cancel nuclear power development and reserve land for renewable energy projects such as solar power. Billions of dollars have been poured into solar projects Billions of dollars have been poured into solar projects in Vietnam, especially after the government decided to purchase solar power at high prices to encourage investments in the field. Ninh Thuan province, which has the lowest rainfall in the country, is one of the favorite destinations for investors. Most recently, Trung Nam Group kicked off a 204 MW solar project in Thuan Bac which has investment capital of VND5 trillion. The plant, to be operational in June 2019, will provide 450 million kwh a year to the national grid. This is one of the most important power projects in the national power development strategy. Also in Ninh Thuan, BIM Group has joined forces with Ayala Corporation from the Philippines to develop a 30 MW solar project, while … [Read more...] about Billion-dollar solar projects power Ninh Thuan province
100 trillion dollars
The consumer price index jumped by 2.22 per cent in June and 4.6 per cent from a year earlier, a seven-year high, the General Statistics Office (GSO) reported. — Photo thoibaonganhang.vn The rest of this year is likely to be a difficult period for the economy meaning challenges for the Government in achieving the targets set for the year. The problems include a weakening of the dong against the dollar and rising inflation, interest rates and public debt, and the Government will be walking a tightrope in terms of monetary policy. The consumer price index jumped by 2.22 per cent in June and 4.6 per cent from a year earlier, a seven-year high, the General Statistics Office (GSO) reported. Inflation in the first six months of the year was up to 3.29 per cent. GSO experts attributed the sharp increase in inflation in recent months to the rise in prices of several major products and services. Of 11 major categories of goods and services, nine saw prices increasing. Transportation … [Read more...] about Trillion đồng question: to tighten monetary policy or not?
Thousands of sheeps are threatened by starvation as searing heat has depleted food and water in the central province of Ninh Thuan and is likely to burn up farmers' thousand-dollar investment. Dinh Van Hung, 52, of Bac Ai District, said his herd of 240 sheep has been falling weak over the last two months. As severe drought hit the province in March, scorching grass fields and baking riverbeds, 20 of them have died. Hung said he invested VND300 million ($13,400) in his herd. “Normally I could sell each for VND1 million ($47), but once they’re dead, they’re only worth a tenth of their original value. And when nobody buys their carcasses, I could only dispose of them,” he said. Hung’s herd is not the only one succumbing to the deadly heat wave. Tran Cao Hoa, 48, said three of his sheep died on Friday alone. “I lost 100 sheep last month. I don’t know how many are going to survive,” he said. Hoa’s herd of 1,400 sheep cost him VND1.5 … [Read more...] about Vietnamese farmers fear of losing thousands of dollars as drought kills sheep en masse
"Our Nation's infrastructure is in an unacceptable state of disrepair, which damages our country's competitiveness and our citizens' quality of life," Trump said in a letter to the Congress. Trump ran for president in 2016 on the promise of a 1-trillion-dollar infrastructure updating plan, and vowed to make it happen in his first 100 days in office. The plan, however, was delayed because of health care issue and a tax cut bill. On Feb.12, Trump met with several governors and state and local officials at the White House to ratchet up support. As the federal government owns little infrastructure across the country, the Trump initiative handles decision making authority to state and local governments. "This will be a big week for Infrastructure," Trump tweeted on Monday (Feb.12) morning. "After so stupidly spending 7 trillion in the Middle East, it is now time to start investing in OUR Country!" At the core of the plan is funding. The federal government will provide 200 … [Read more...] about Trump unveils long-awaited massive infrastructure plan
The Vietnamese Government will create favourable conditions for enterprises and cooperatives to engage in hi-tech farming. Prime Minister Nguyen Xuan Phuc will directly introduce Vietnam’s high-tech and clean farm produce to the world’s marketplace. Prime Minister Nguyen Xuan Phuc made the above commitment while attending the launching of a high-tech agricultural production at a VinEco farm owned by VinGroup – Vietnam’s leading private group in the northern province of Ha Nam. As one of the 14 VinEco farms invested in by VinGroup, the project covers an area of over 180ha at a cost of nearly 300 billion dong (13 million US dollars). It includes a large-scale model field of about 130ha, a 5ha greenhouse area using Israeli technology and manufacturing facilities. Addressing the launching ceremony, Prime Minister Nguyen Xuan Phuc highlighted agriculture as an economic pillar of the country. Thanks to open policies, Vietnam now not only ensures food security, but … [Read more...] about Agriculture Gets a High-tech Boost